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Japan Authorities Suspected of Second Intervention, Yen Strengthens Broadly

On July 31, the yen was suspected of facing a second round of intervention, as the yen strengthened. The USD/JPY pair plunged about 150 pips, EUR/JPY dropped about 130 pips, GBP/JPY fell about 200 pips, and CAD/JPY and AUD/JPY each declined about 100 pips. (Jin10)

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